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on a second before you go all cheech and chong on us. you can smoke pot legally in washington state, but still illegal to buy marijuana or sell it or grow it. that's interesting. >>> a legal haze is drifting over washington state's pot smokers as joe johns reports. no one knows how the feds are going to react. >> reporter: there was euphoria the moment pot became legal in washington state. 3,000 miles away in washington, d.c., the justice department and the white house are reviewing how the federal government should respond. at the moment, they're sticking to this statement from the u.s. attorney in seattle, washington, who would prosecute violations there. regardless of the state law, growing, selling or processing any amount of marijuana remains illegal under federal law. the department's responsibility to enforce the controlled substances act remains unchanged. but several former doj officials who spoke to cnn said that likely won't be the end of it. former attorney general under president george w. bush alberto gonzales laid out the options facing eric holder and the justice department. op
laid back new year's celebration ever? no. celebration of washington state's brand new pot law. yes, they're smoking joints. >>> i dare you, like double dare you. obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at seattle's space needle? pot smokers lit up like it was new year's eve. new voter approved initiative went into effect midnight. this pot party technically, is illegal. wz's law bans smoking pot in public places. for now the seattle police department is turning a blind eye. this notice was sent to all officers last night. until further notice officers shall not take any enforcement action, other than to issue a verbal warning, for a violation of initiative 502. m
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american p
's foreign relations and what's next for president morrissey. washington redskins -- ♪ host: is this sunday, december 16, 2012. the flag over the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfor
: chris joining us from philadelphia, democrats' line with representative rick larsen from washington state. caller: thank you, c-span, for what you provide the american people. i find this whole situation ironic. the fiscal cliff scares me personally -- and i think president obama certainly has shown his willingness to compromise whereas the republicans and tea party do not seem to want to do so. this ideology they are sticking to will ruin our economy and i find it hypocritical because their chief criticism of the president during the presidential campaign was his mismanagement of our economy and they are willing to mismanage our economy down the drain on some principal. it does not seem they care about the american people. they care about the part of the american people, the rich, that is what seems like to me and i am sick of it. i used to be republican and i switched party about, i guess eight or 10 years ago. which has something to do with philadelphia politics as well because you cannot have much say in philadelphia politics unless you are democrat but that is beside the point.
has the latest on washington's impasse on taxes and spending. >> ifill: then we examine nato's decision to send patriot anti- missile systems to turkey, as fears grow that syrian chemical weapons could cross the border. >> woodruff: jeffrey brown talks to mcclatchy newspapers' egypt correspondent nancy youssef about the massive antigovernment protests in cairo today. >> ifill: we continue our series of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to author and journalist tom ricks about what he describes as the decline of american military leadership. >> today nobody gets credit for anything and mediocrity is accepted as a core value in the performance of generals. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has b
't happen in washingtoners it would make great television. right-to-work laws in michigan became the 24th state in the nation. it allows union workers to opt out of paying union dues even if they're not in the union. stephen moore, "wall street journal." who would be next? >> there are a number of states neighbors to michigan really looking at this legislation. i'll name a few to you, bill. pennsylvania, ohio, west virgina, states like that are competing against southern states. remember a lot of jobs and a lot of manufacturing has moved from the midwest, the kind of rust belt of america to the south in part because those southern states are right-to-work. can i mention one other thing if i could, bill, about this issue that is important? bill: sure. >> there is so much misinformation what it means to be a right-to-work state. i want your viewers to know this, if you're a right-to-work state it does not ban unions, bill. simply means that workers who work for a unionized company have the right as an individual to join the union or not. it does not ban unions. bill: to be more specific, if
benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving more at the year-end event because 'tis the season. chevy's giving more. this holiday season, get a 2013 cruze ls for around $169 per month or get $500 holiday bonus cash. >>> violent protests breaking out again in egypt. kate bolduan is here monitoring those and other top stories. seems like they're not ending. >> doesn't look like they're letting up. in cairo, thousands of demonstrators broke through barricades of the egypt presidential palace and sprayed graffiti. demonstrators th
of marriage act and california's proposition 8. nbc's pete williams joins us now from washington with all the latest details. good evening, pete. >> reporter: good evening, larry. the vilma case is the easier one. federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a majority of the vote nurse 2008. having taken that case, the court could get to the bedrock issue. can any state refuse to let same sex couples get married under the federal constitution. it could potentially be narrow or very far. >> pete, as i understand it, let me ask you. this one of these things, maybe the driving one, is defense of marriage act was about paying the estate act. where one of
. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city here in washington, i wanted to show you this. these are the inaugural stands right on pennsylvania avenue, right in front of the white house. i'm looking at them and listening to them right now. they've been going up pretty steadily. these guys work around the clock. january 21st, the president is going to be marching past the white house to live here for another four years. now, about the fiscal cliff, john boehner's in town. that's relatively rare for him to stay in town on the weekend. the president was here, but there were meetings yesterday. nancy pelosi came in and out. no one saw her. we thought reading the tea leaves maybe there would be some movement. there was some movement. the president is playing golf. haven't seen hide nor hair of john boehner. >> mike v
. ? in washington, closed door meetings with the president and john boehner. >>> in the midwest, the fiscal cliff is the latest thing on people's minds as the first blizzard of the winter brings the region to a halt, highways closed and scores of flights canceled. that story is just ahead. >>> first, let's get to the news live at 5:30 here at "30 rock" in new york city. well, we begin with the new urgency in the fiscal cliff negotiations with now just 21 days, three weeks to reach a deal. today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a gr
. >>> south korean rapper psy receives a warm welcome in washington despite his past anti-american comments, and president obama getting some flack for attending that performance. >>> plus the bizarre saga continues. american tech mogul john mcafee fighting deportation to belize. he holds a news conference from behind bars. you'll hear what he has to say. "cnn newsroom" starts right now. >>> good morning, everyone. i'm ted roland sitting in for carol costello. we bring in fallout for the radio prank calling the hospital. the nurse that was duped by the call, the bosses of those deejays have cancelled their show, and for the first time, those deejays are speaking out. >> there is nothing that can make me feel worse than what i feel right now and for what i feel for the family. we're so sorry this has happened to them. >> cnn's matthew chance is outside the hospital with the very latest. matthew? >> reporter: ted, thanks very much. you heard a snapshot of the kind of raw emotion that was expre expressed in that interview with these two deejays medical -- mel grieg and michael christian gave,
, that's how long our leaders in washington have left to figure out what to do about the so-called fiscal cliff. the latest on the negotiations and ha it means for both sides political capital. that's straight ahead. >>> plus washington state's same-sex marriage law took effect at midnight and couples tied the knot just as soon as they could we'll talk about what might happen when the supreme court weighs in. >>> plus, all indications are, that congress is gearing up for a revamping of the nation's immigration laws. what that will mean for the gop and its right wing. first, though, with just over three weeks left to reach a deal on the fiscal cliff. lawmakers from both sides hit the sunday shows to late out the latest battle lines in the fight. on "meet the press," the number three house republican reiterated that any new revenues should come from closing loopholes, not raising tax rates. >> the president wants the rates to go up, that doesn't solve the problem. if the president is asking for higher rates, he's asking for more revenue. most economists agree the best way to get that is thr
this morning in washington, and the focus is on capitol hill as lawmakers try to work out and vote on a deal to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separat
news headquarters continues from washington. keep an eye for santa out there. he is on the street. >> shannon: who will blink first? the obama administration says the ball is in the g.o.p.'s court. republicans insist it's the president's turn to get serious about dealing with our country's debt. >> it's unfortunate that the white house spent three weeks doing basically nothing. >> this is a very carefully designed set of reforms. if republicans would like to go beyond these reforms, or they want to do it differently, they should tell us how they want to do it. >> i believe raising tax rates hurts our economy, hurts the prospects for more jobs in our country. >> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john
. >> that's true. >> yes. >> scarborough, commanding george washington. >> washingtonesque. >> tall. >> yes. >> dignity. >> same, 6'4", same thing, yeah. >> so clearly, it's mika brzezinski. >> really? >> when i left, they're still clapping. >> really? >> renaissance woman. >> is it the alcohol? >> i think it's more of the slaves, actually. >> the what? >> nothing. i didn't say anything. >> gotcha. >> you missed that. >> i did. >> the you're the jeffersonian. >> the art of power. the art of navigating power. >> with that, let's go to the most jeffersonian figure for the news. >> all right. we begin this morning with new urgency in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying tha
, but they love fun. zoraida, thank. >>> kind of a big old pot party in washington state now. take a look at. >> two, one! >> that's because at midnight, possession of up to an ounce of marijuana for personal uses is legal thanks to a landmark ballot initiative that passed last month and took effect at midnight. to celebrate, pot smokers have been lighting up in the shadow of seattle's iconic space needle. cnn's miguel marquez is in seattle for us this morning. morning. >> reporter: good morning there. this was only one of many parties across the state with people just taking the first step as this new law is implemented. ♪ >> reporter: the moment recreational pot, anything less than an ounce, no longer illegal in washington state. >> it's amazing. i'm not a criminal anymore. i can't go to jail for small amounts of marijuana. you know, it's -- i'm free to be free. >> reporter: several dozen hard-core smokers showed up here to the base of the space needle, the symbol of the city and of the state to light up at the stroke of midnight. and while the new law does not allow smoking in public pl
and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they
is sitting just to the west of washington state. and all these storms are streaming in right into northern california. and we are looking at moderate rain at this time across northern california into southwestern oregon and also up in the seattle and the coast of washington state. now tomorrow we are actually going to see even heavier rain start to move in. we have already had reports of about 8 to 10 inches of rainfall already from the past few storms we've already seen. but we've also gotten reports of wind gusts up to 60 to more than 80-mile-per-hour. and we're going to see more of the same if not a little more intense as we go into sunday morning. additional rainfall totals on top of the 8 to 10 inches on the ground could be an additional 5 to 6, 7 inches of rainfall out of what we'll see tomorrow morning. we have the series of storms moving into the west coast. then it's a totally different story right in the middle of the country. we're also talking about record-break heat today. down into dallas and also into san antonio where temperatures should get into the upper 70s and lower 80s
bash is live in washington, d.c. this morning. 50 minutes and sort of a very milquetoasty kind of statement at the end of it, sounds not good. >> no, not good, considering where we are in the calendacale. i'm told by sources in both parties, a meeting that did not produce any new ideas, more of touching base meeting, the president wanted to talk to the speaker before he went home to ohio, which he still planned to do this weekend, the sources say that the basic problem still is, soledad, after all of the weeks, is democrats still believe republicans have the problem. they need to deal with the debt crisis by raising more revenue, meaning raising more taxes and republicans still think democrats are the problem. they are not offering enough in spending cuts. the issue is, reality, democrats, the president has the most leverage. has had the most leverage, republicans know that. everybody see where is this will probably go. republicans have to give some on the rate increases for the most wealthy. and the question, when is it most politically advantageous for both sides to agree to
the rally. it did little to bring calm to the streets of cairo. the washington post wrote about the muted response from the united states through all of this saying, quote, the administration's rejoineder is that this isn't about america. egyptians and other arabs are writing their history now, and they will have to live with the consequences. moreover, the last thing secular protesters need is an american embrace. that's surely true, but it's crazy for washington to appear to take sides for those who want a liberal, tolerant egypt. somehow that's where the administration has ended up. we'll talk more about this with david ignatius coming up on "morning joe." >>> now to the hoax. it has two australian deejays apologizing for the first time. about time. the deejays said they were heart broken and saddened for the families of jacintha saldanha, one of the duchess of cambridge's nurses. they impersonated queen elizabeth and prince charles to try to get the nurse to give out information. three days later the nurse was found dead in an apparent suicide. the deejays said if they're responsible
lawsuits. >> joey, thank you so much. >> on the case here. >> pleasure, brooke. >> now to washington and wolf blitzer and "the situation room." wolf. >> >>> brooke, thanks very much. happening now, we're hearing from members of a virginia family that play host to a very unusual house guest today, the president of the united states. a hero of the tea party movement shocks washington by announcing he's about to leave the united states senate. senator jim demint joins us live this hour. we'll talk about his decision and new job. and syria's civil war is in a very dangerous perhaps decisive tipping point right now. can the world prevent bashar al assad from using chemical weapons against his own people? i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great
to be for the rising movie industry. cet will head out to washington as president obama is pushing forward his tax for the wealthy agenda. george osbourne is going to update today. the chancellor will have his work cut out to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now,
labor unions. >>> here in washington, republicans turn the tables on president obama. we're going to tell you what specific information they are now demanding. >>> and who was she? you're going to find out why a century's old mystery may be closer to a solution. i'm wolf blitzer. you're in "the situation room." we begin with today's dramatic defeat for union workers in the industrial's heartland. this was the scene as republicans pushed through right to work bills saying that they don't have to pay union dues in in order to get a job. on lookers chanted, shame on you after the vote. this is a watershed moment because michigan is the same as countless union struggles, including this 1932 march where five people died and dozens were injured when unemployed workers were attacked by police and ford motor company security guards. after decades of gains, fewer than 12% of u.s. workers now belong to unions. in michigan, it's fewer than 18%. cnn's poppy harlow is at the state capital in lansing. how did it go? >> reporter: are an historic day in michigan. a state at the heart of organized
washington will take over. >> eric: have a good day, everybody. >> jamie: a nation mourns the lives of the tragedy from sandy hook elementary. police say they have uncovered evidence in the case and they are tracing all the weapon, all the way backto the work benches where they were made. president obama preparing to fly to newtown, connecticut, to act oz our country's consoler in chief. as authorities release the names of the school staff and children who were killed, we learn, not only the terrible details about their last momes and the touching stories of the lives behind the names. i'm bream -- i'm shannon bream with america's news headquarters live from the nation's capitol, starting now. police are working to draw a more complete picture of the man who came to sandy hook elementary and killed children. peter doocy has the latest. >> reporter: with the connecticut state police press conference that just wrapped, the most compelling part, perhaps, was when the lieutenant basically warned people who have been somehow -- we don't know specifically -- but using social media to pose
-on-one and no one is objecting. paul steinhauser is live from washington. paul, you got some new polling for us. what do americans want to see in a deal? >> it's interesting what they want to see and what they don't want to see. one of the biggest sticking points between democrats and republicans over averting the fiscal cliff is raising taxes on those making over $250,000 a year. look at this from quinnipiac university, the question was asked are you okay with that? 65% say they support such a move to avert the fiscal cliff. this is the third poll over the last two weeks to show the same thing, that most americans are okay with raising those taxes on incomes over $250,000 a year. go to the next screen, there's a partisan divide here. this explains why most republicans are dead set against this. democrats are fine with that move. independents as well. but only a minority of republicans are okay with raising taxes on those making over $250,000 a year. what don't republicans like? they are fine with cutting spending, but they don't want entitlements touched. are you okay with raising the eligibil
of washington. for all the squabbling politicians and the whining pundits, we can announce to you tonight, right here, right now, there's a budget deal that's becoming clear. our long national nightmare might almost, and i repeat, it's washington, almost be over. this is kind of like one of those kids games where you have to look at a picture that looks like nonsense until your eyes filter out the garbage and you can finally see the sailboat. that's what's going on in washington. you have to filter out the garbage. take yesterday for example. i don't tune into c-span 2 for comedy, just because it's good television. but the senate was being hilarious about the debt ceiling, which is hard to be hilarious about. here's what happened. the white house has been pushing a plan to take control of the debt ceiling away from congress. that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it's a good thing to do. the white house calls it the mcconnell plan because it's based on an idea tha
hillary clinton. washington is already buzzing with talk of 2016 just as voters are starting to put the last election behind them. while some potential candidates are doing little to hide their intentions, one big political star is playing hide and seek. it could be hers for the taking, at least that's what a new abc news washington post poll finds, a healthy 57% of americans would support a hillary clinton candidacy in 2016. men are somewhat lukewarm about the prospect, women are fired up, with 66% saying run hillary run. despite her many denials that she's in it to win it. >> i'm flattered, i'm honored, that is not in the future for me. >> supporters are still showering the secretary of state with praise as she found last weekend at a conference on u.s. israeli issues. >> hi, everybody, welcome to the state department. >> reporter: that included this tribute video. >> i am somewhat overwhelmed, i'm obviously thinking i should sit down. i prepared some remarks for tonight but then i thought maybe we could just watch that video a few more times. >> reporter: until clinton decides he
. >> i'm gres gregg jarrett. >> gridlock in washington continues. the white house not backing down one bit. republican leaders say though are nowhere near on negotiations to avoid the fiscal cliff. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 mill
failures pileup. that has washington worried about another bailout, and homeowners worried about the market. jeri willis from the fox business network joins us. they are $16 billion in the red, the fha is what does it mean. >> reporter: taxpayers could be on the hook for this money. let me give you an idea of what is going on here. the federal housing administration insures, it backs these mortgage loans as you know we had the big mortgage meltdown, huge crisissess, values plummeted, people lost their homes. currently the fha stands behind 1.1 trillion in mortgage debt. one one in six of those loans deliquent. one in ten in default. they are facing just a tsunami of bad debt, and once more there is more in the pipeline that we don't even know about. alisyn: i don't have to tell you that the public appetite for bailouts. >> reporter: not high. alisyn: very small. if they don't get a bailout what happens to the country and the housing market? >> reporter: that is not an option i don't think. look, if they aren't able to correct this in some way, fix it in so way they are headed for a bailout
changed, and it's given them more space. >> here's washington at work. >> washington at its best. >> somehow we found ourselves listening to harry reid. >> yeah. >> on the senate floor. >> mm-hmm. >> comparing the republican party to the new york jets. >> what? >> it's not one of my favorite teams, but it's really, really fun to watch. and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks. sanchez. he's got tim tebow. he's got a guy like mcelroy. he can't decide who their quarterback is going to be. that's the same problem the republicans are having. romney's gone, but he's still in the background. we have mcconnell, and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> richard haass, a quizical look on your face. >> normally when you play football, you don't decide the other team's quarterback. >> right. >> that's usually for the coach to decide. so why is harry reid worried about who's the quarterback on the other team, and why is he even using this metaphor to begin with? >> it's painful. stop it right now. >>
, if anything, iran has captured. we're getting very two different stories from tehran and washington. washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip posted online, carol, showed what appeared to be two military officials examining what looked like a u.s. drone with that poster that you mentioned with the title "we will trample on the u.s.." >> i don't mean to change the subject. we hear the yelling behind you. you're in cairo, egypt. what's going on behind you, reza? >> reporter: these are the option factions here in cairo, who are back in pretty big numbers, few thousand of them in egypt, protesting against president morsi's decrees and thi
the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the next year take the time to go over what we would do with real revenue reform. you can't do in it a matter of weeks right now. >> if they do not make this deal on tax rates for the top 2%, then they're going to go away and then we come back and pass tax cuts for everybody under $250. >> families are doing that now, budgeting every single dollar that they have to make sure that they can have the christmas they want for their children. they don't have to budget starting in january a tax increase. >> and
. rachel will be back here monday. don't forget, you can check out my work at the "washington post" at wonkblog.com, or follow me on twitter, and on facebook, facebook.com/ezraklein. weekends with alex witt is up next. >>> same-sex marriage. the supreme court decides to tackle two big cases on it. we'll examine all the possible outcomes that could be landmark rulings. twenty days and counting. even if president obama and the gop reach a deal, could it all get done before the first of the year? >>> a royal hoax and a tragic death. the radio station behind a tragic call to the hospital where kate middleton stayed is behind a tragic suicide. >>> remarkable story of journalist's recent travels. how did iranian people act towards an american. >>> this is alex witt. the countdown is on until the nation falls over the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about prote
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